Queensland ethical jewellery retailer Secrets Shhh has fallen into voluntary administration, with its custodians reportedly seeking an urgent sale or recapitalisation for the 25-year-old business.
Documents shared by the Australian Securities and Investments Commission on Tuesday show FTI Consulting’s Kelly-Anne Trenfield, John Park, and Kate Warwick were appointed joint administrators of Secrets Shh Pty Ltd and eight related businesses.
Secrets Shhh, which sells lab-grown alternatives to mined gemstones, counts 23 physical stores across across the country and an online webstore.
In a statement provided to SmartCompany, Park said the businesses continue to trade “as usual as much as possible” while the administrators…